688 Boston Post RdWestbrook, CT 06498

  • Other commercial real estate
  • 8,768 SF
For Lease
$203.04/SF/YR View listing

Property Details for 688 Boston Post Rd

Year built
1988
Construction
FRAME
Lot size
0.72 AC
Property size (Sq ft)
8,768 SF
Zone code
NCD
Property type
Other commercial real estate
Property subtype
Showrooms
APN
WBRO M:184 L:084
APU
WBROM184L084

Description

This exceptional 3,900 square-foot commercial space, located at 688 Boston Post Road in Westbrook, Connecticut, presents a unique opportunity for a variety of businesses. The property, built in 1988, is a two-story building situated in Middlesex County, and zoned NCD. Its versatile design makes it suitable for use as medical office space, executive office space, or creative office space, and it also has retail potential. The single-tenant occupancy offers privacy and control. Ample parking is available, with space for 10 or more vehicles. The property's address is 688 Boston Post Road, Westbrook, CT 06498. Its convenient location offers excellent visibility and accessibility for clients and employees. The building's total square footage is 3,900 square feet, spread across two stories. This property is ideal for businesses seeking a well-maintained, functional space in a desirable Connecticut location. The property type is classified as Retail, Office, and Special Purpose. Interested parties should inquire for further details and availability.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,130,930
    6.5%
    $1,967,012
    7%
    $1,826,512
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,886,980
    Geo Method
    $2,886,980
  • Alternative Use

    Use
    Valuation
    Residential
    $1,659,248
    Hospitality
    $1,519,863
    Educational
    $1,264,508
    Medical
    $1,307,996
    Retail
    $1,967,012
688 Boston Post Rd, Westbrook, Connecticut

Location Insight

City
Westbrook
County
Middlesex
State
Connecticut
Latitude
41.2791
Longitude
-72.464
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,540
$200,240
$294,150
$494,390
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-
-
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